Blog of the Credit Management and cash collection
What are the keys of cash collection?
New tutorial detailing the art of cash collection and the four pillars of this activity. What are the multiple added values of this function sometimes misunderstood, often underestimated?
What are the pillars of debt collection? Essential but unknown activity, whose impact on the company is often underestimated. Why is it a true art combining multiple skills that need to be intelligently scheduled?
Find our tutorial on this essential function but often neglected, whose scope...
04-25-2018
New tutorial: credit risk, who decide?
Who is responsible for granting a credit line to a client identified as risky? On what basis? What are the mistakes to avoid?
Find here our new tutorial about credit risk management.
In the areas of credit management and debt collection, prevent is better than cure..
Moreover, we do not cure of an unpaid invoices, we write off receivable and create losses which, we hope, will remain at an absorbable level by the...
03-12-2018
Connect Creditsafe with My DSO Manager
Retrieve and use in My DSO Manager key Creditsafe information about your customers to optimize your risk management.
Latest news of My DSO Manager, innovative credit management software for all sizes of companies (our solution is used by SME as well as big international groups), allowing to include your Creditsafe data (« Note » and « Recommended Credit ») to your customers files using our...
03-11-2018
Why so few companies are using software to manage their customers receivables?
Most companies are at the Stone Age regarding the use of software to manage their customers receivables, using mainly their accounting tool, their emailbox and Excel for this purpose. Why is this situation going to change?
A recent French study done by AFDCC shows that only a few percentage of companies surveyed are using a dedicated too.
If we extrapolate this survey to all French companies, this ratio would even drops dramatically to certainly reach well under 1%. This conclusion is also valid for companies...
01-31-2018
Tutorial about the DSO, the credit management KPI
What is the Days Sales Outstanding? How to compute it and how to use it to improve credit management performance? What are the limits of the DSO?
The Days Sales Outstanding is the most used Key Performance Indicator in Credit Management.
The purpose of this indicator is to get it lowest as possible. However, there are several ways to compute it and to understand it.
Read our tutorial about the DSO! You will find explanations about the...
01-24-2018
Happy New Year with Credit Management tools and My DSO Manager!
2018 will be a positive year! Growth is there and must be managed well in order to be beneficial to your business. It's time to improve credit management practices and put in place the right tools!
Best wishes for 2018! Credit Management tools and My DSO Manager wish you every success in your business!
01-23-2018
Tutorial about credit management
New tutorial about credit management. What is it? What's its purpose? What is the role of the credit manager?
Credit management should be used by any company working in Business to Business whatever is her size.
Even those who do not have a credit manager employee shall apply the key principles of this function that is key for the sustainability of all companies, especially small and medium...
01-07-2018
Approve your credit limits in My DSO Manager
Setting a credit limit per customer is essential to properly manage the credit risk. My DSO Manager now offers a credit limit validation workflow based on user-defined levels (credit analyst, CFO, ...etc.)
Set a credit limit for each of your buyers allows to manage your accounts receivable according to their financial capacity and their solvency.
This is a key element in the management of the risk of bad debts, which is the root cause of financial issues of many companies.
My DSO Manager...
12-19-2017
Improve your business cash flow and customer satisfaction with My DSO Manager
As a modern, efficient and qualitative solution, My DSO Manager is used by large international groups as well as small and medium-sized companies.
How to accelerate cash receipts, solve disputes more quickly and increase the credibility of your company with your customers? Just focus on the causes of late payments and unpaid invoices! ?
The use of debt collection and credit management software helps to achieve these goals while improving...
11-15-2017
How to value the cost of the Accounts Receivable?
New tutorial and online tool to calculate the financial cost of trade receivables for your business. This is key to define sales and payment conditions and to evaluate the ROI of a AR financing solution.
How much does cost the Accounts Receivable to your business? Are your factoring contract, or early payment discount offers profitable?
Why and how to value this balance sheet current asset which is often one of the biggest? With which method? And which one is the good?
It is to try to...
11-06-2017
New tutorial: what organization in SMEs for debt collection?
Which of the sales or accounting departments must take care of customer reminders? With what interactions and what tools? What systems work?
Do you have an organization and a sharing of responsibility that allows your company to perform well in debts collection management?
Have you thought about this mode of operation to get the best results?
Do you get paid well by your customers?
The hybrid nature of debt management between...
09-08-2017
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